Loop Industries, Inc. (NASDAQ:LOOP) Director Laurence G. Sellyn Buys 29,937 Shares of Stock

Loop Industries, Inc. (NASDAQ:LOOP) Director Laurence G. Sellyn purchased 29,937 shares of Loop Industries stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $1.05 per share, with a total value of $31,433.85. Following the acquisition, the director now directly owns 197,833 shares of the company’s stock, valued at approximately $207,724.65. This trade represents a 17.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Loop Industries Price Performance

Shares of NASDAQ:LOOP traded up $0.02 during midday trading on Thursday, hitting $1.16. The stock had a trading volume of 191,012 shares, compared to its average volume of 135,079. The company’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.50. The company has a market capitalization of $55.24 million, a P/E ratio of -2.07 and a beta of 1.57. Loop Industries, Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $3.65. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93.

Loop Industries (NASDAQ:LOOP) last issued its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. As a group, equities research analysts predict that Loop Industries, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Loop Industries

An institutional investor recently raised its position in Loop Industries stock. Geode Capital Management LLC grew its stake in shares of Loop Industries, Inc. (NASDAQ:LOOP) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 250,962 shares of the financial services provider’s stock after acquiring an additional 10,933 shares during the period. Geode Capital Management LLC owned about 0.53% of Loop Industries worth $462,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.89% of the company’s stock.

Analyst Ratings Changes

Separately, Cormark upgraded shares of Loop Industries to a “moderate buy” rating in a report on Monday, September 30th.

Loop Industries Company Profile

Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.